Coinbase Co-founder and CEO Brian Armstrong published a post in which he predicted the development of the cryptocurrency industry for the next ten years.
According to Armstrong, in the 2020s, there will be a peak in the development of confidential cryptocurrencies - privacy functions will be included in the blockchains, and the number of holders of anonymous cryptocurrencies will increase to 1 billion. Note that today this number is about 50 million people.
Researchers at LongHash found that the highest volatility in cryptocurrency markets is at 1 am UTC. To conduct the study, analysts used data from the Coinbase exchange, calculating the number of daily peaks and lows in each hour and comparing with the indicators for the rest of the hours of the day.
According to a study conducted by the Value Walk news website, 46.7% of users prefer to invest in Bitcoin, rather than other cryptocurrencies.
As part of the survey, respondents were asked a few questions. When answering the question "What is your favorite coin?" 46.7% chose Bitcoin, 31.4% - Ethereum, and 21% - Ripple.
The head of Coinbase Exchange, Brian Armstrong, said that the Coinbase Custody service is popular and holds more than $ 500 million in digital assets.
According to the top manager of one of the world's largest Cryptocurrency Exchanges, such attention to the storage service of cryptocurrencies and digital assets shows that institutional clients are more and more interested in the cryptocurrency industry.
The American Cryptocurrency Exchange Coinbase paid a reward of $ 30,000 to a hacker who found critical vulnerability in the exchange system.
It is reported that the error was registered on the portal HackerOne on February 21. A Coinbase spokesman stressed that the vulnerability had already been closed, but did not cover the details. The error report itself was also closed from public access, but, given the high reward, the vulnerability was very serious.
Coinbase and Kraken, the largest cryptocurrency exchanges in the United States, have joined the ranks of platforms that have confirmed the support of hardwood for Ethereum Constantinople, which will be implemented this week.
Two major exchanges joined Binance, Huobi and OKEx, which previously expressed their support for the upcoming update, and promise to monitor the hardforks, which will be carried out at block 7,080,000. This will probably happen on the night of January 16-17.
President and Chief Operating Officer of Coinbase Asiff Hirji said that institutional investors who have short-term goals, it is better not to touch cryptocurrency.
During his speech on CNBC, Hirji stressed that his company warned investors to be cautious during the period of explosive growth of Bitcoin back in 2017, but many cryptocurrency enthusiasts did not heed the warning.
Brian Armstrong, CEO of the American Cryptocurrency Exchange Coinbase, urged wealthy cryptocurrency holders to donate their assets to charitable or other purposes.
In a blog post on The Giving Pledge, a charity website created by Bill Gates and Warren Buffet to encourage rich people to use their money for worthy goals, Armstrong wrote:
"Once a certain level of wealth is reached, there is little additional utility from spending more on yourself. … Whether it's through improving education, creating a more level playing field, or increasing economic freedom, I'm interested in helping more people see their ideas come to fruition in the world."
Analytical agency Tokeninsight presented an updated quarterly rating, which previously ranked the seven largest cryptocurrency exchanges. This time, the list included seven more platforms, which were evaluated on such indicators as trade volume, security, and compliance with laws.
Ratings of cryptocurrency exchanges, as well as ratings of cryptocurrency, are very subjective and invariably provoke disputes in the cryptocurrency community. However, they continue to gain popularity. The latest report from Tokeninsight reviews the progress of cryptocurrency exchanges over the past three months in difficult market conditions.The American hedge fund Tiger Global, most of whose investments are related to consumer brands, plans to invest $ 500 million in the Coinbase cryptocurrency exchange.
If the negotiations are successful, the company's market value will approach $ 8 billion, which will make Coinbase one of the highest-rated startups in the United States, as well as strengthen the legitimacy of the entire cryptocurrency market. There is also information that Tiger Global plans to buy out some of the shares of Coinbase shareholders, but no specific figures have been announced yet.
The Coinbase exchange has concluded a deal with the British bank Barclays and has access to the inter-bank system Faster Payments Scheme, which makes faster transfers. This should facilitate the process of depositing and withdrawing funds for British users of the crypto exchange, because before that they had to use the services of one of the Estonian banks. Coinbase also received a license from the Financial Supervision Authority (FSA) of the United Kingdom, which allows the issuance of electronic money and provide payment services on the territory of the country. Thus, Coinbase was in fact equated with the rest of the country's financial institutions, since it will obey the same requirements and have almost the same opportunities. However, the company still has to pass several additional checks, for example, on the separation of customer funds.
In recent weeks, discussions around commissions for Bitcoin transactions and the time of their confirmation have become increasingly tense. Many community members complained about unconfirmed transactions and high cost for medium-sized transactions, which often cost more than $ 30, and a transaction with a large number of inputs can cost more than $ 50.
Such large handlers of Bitcoin payments like Coinbase, Bitpay and Shapeshift warn their users about delays. Bitpay even issued a special application and notified customers that it would no longer process payments in Bitcoins for less than $ 100 due to rapidly growing commissions. However, the next day the platform changed its decision and returned to processing payments of $ 5, but noted that it still recommends making larger payments. This was achieved by sending group transactions for small payments.
The Cryptocurrency company Coinbase announced the integration with the financial portal Yahoo Finance. Now Coinbase users will be able to view their balances in Yahoo Finance applications for iOS and Android. Perhaps it is thanks to this, as well as against the background of the rapid growth of Bitcoins and cryptocurrencies in general, the application of the Coinbase cryptocurrency wallet for iOS has become the most downloaded in the American App Store, even ahead of YouTube, Facebook Messenger and Instagram in the rating of applications. Just one month ago, the application took about 400th position.
Backed by trusted investors and used by millions of customers globally, Coinbase is one of the most popular and well-known brokers, trading platforms and Wallets in the world. The Coinbase platform makes it easy to securely buy, use, store and trade digital currency. Users can purchase bitcoins, Ether and now Litecoin from Coinbase through a digital walletavailable on Android & iPhone or through trading with other users on the company’s Global Digital Asset Exchange (GDAX) subsidiary. GDAX currently operates in the US, Europe, UK, Canada, Australia, and Singapore.
